Lies Cometh Before the Fall … Newt ABSOLUTELY Lobbied for Fannie Mae/Freddie Mac; Newt for Lobbyist-in-Chief!!!

It’s all downhill from here for Newt … I’m predicting right here and now that Gingrich has hit his high point and is about to whither under the forthcoming information about his last 15 years spent in lobbying/influence-peddling activities. The following will make for a beautiful montage using the disgraced and ousted former Speaker’s own words … and the timing and subject are perfect for anyone who doesn’t want Newt as the nominee. Why? Because it’s Fannie and Freddie and Florida folks! Florida took a hit second only to Nevada in the housing crisis and these GSEs (Government Sponsored Entities) were at the root of the problem. This is the perfect storm. The script will play out perfectly.

Remember when Newt said on Fox News “I do no lobbying of any kind. I never have. A very important point to make. I have never done lobbying of any kind.”

How about his ludicrous initial claim back in the November CNBC debate that he was paid by them to be a “historian” who told them how “insane” they were?

Sure Newt. At least we now know that he was lying through his teeth. He released one year of this contract yesterday and there was no mention of him being a “historian” but rather he was hired as a “consultant” by and to the chief lobbyist of Freddie Mac. Well, as it turns out, “consultant” was just a euphemism for “lobbyist” and Newt’s whole story doesn’t pass the smell test.

Over a month ago, Mitt challenged Newt on this claim calling Newt “the highest paid historian in history”

The fact that Newt has only released one year of a six year contract is rather curious as well and the other contracts are apparently lost somewhere:

a spokeswoman for [Gingrich's] firm said it was unable to find an earlier contract dating to 1999 and renewed until 2002. The spokeswoman, Susan Meyers, also could not say whether Gingrich or any of its employees produced any written reports for Freddie Mac as part of the nearly $1.8 million in consulting fees it was paid.

Well, today’s news from Politico is especially damning to Newt and proves that he was involved in hard core lobbying efforts for the controversial and beleaguered GSE:

New details from Newt Gingrich’s contracts worth $1.6 million with Freddie Mac show that the Republican hopeful wasn’t just a boardroom consultant, but served as a high-profile booster for the beleaguered organization. He even gave a rallying speech to dozens of the group’s political action committee donors in the spring of 2007.

Shortly after the “rah, rah” speech, as one source described it, Gingrich gave an interview for the Freddie Mac website, where he supported the group’s model at length. The interview is no longer on Freddie’s site.

Gingrich said in the interview that Freddie has “made an important contribution to home ownership and the housing finance system,” even though many Republicans revile it.

On April 3, 2007, Gingrich gave a presentation to employee donors of Freddie Mac’s political action committee, according to several sources familiar with the presentation. It was the “rah, rah” speech described by a source who worked closely with Freddie at the time. Newt spoke about what was going on in the country and he offered his view of the issues.

That same day, Gingrich spoke to a larger Freddie Mac employee cabal where he explained his vision for transforming bureaucratic government into a “21st century organization” — a signature talking point for Gingrich who focused on technology in government early on.

Later that month, Gingrich also gave a “feature interview” that appeared on Freddie Mac’s website providing an extensive Q&A where the former Speaker of the House defended the government-sponsored enterprise model, according to a copy obtained by POLITICO.

Gingrich went so far as to say that “I’m convinced that if NASA were a GSE, we probably would be on Mars today.”

Freddie Mac declined to comment. A Gingrich spokesman did not immediately respond to a request for comment.

“The housing GSEs have made an important contribution to homeownership and the housing finance system,” Gingrich said in the interview. “We have a much more liquid an stable housing finance system than we would have without GSEs. So while we need to improve the regulation of the GSEs, I would be very cautious about fundamentally changing their role or the model itself.

Further Gingrich acknowledged that this is not a viewpoint conservatives normally embrace. “Well, it’s not a point of view libertarians would embrace,” he said in the interview. “But I am more in the Alexander Hamilton-Teddy Roosevelt tradition of conservatism. I recognize that there are times when you need government to help spur private enterprise and economic development.”

Really Newt?!?!? Really People? This is the “conservative alternative” to Mitt?!?!   Wow . . . Just wow . . .

These revelations make Newt both a liar and a lobbyist.  Sounds like just what Obama would like to run against.

UPDATE #1: “Methinks [Newt] doth protest too much” . . . Politico makes a good point on something Newt revealed in last night’s debate.

Gingrich — adamant that he wasn’t a lobbyist as he explained why he only released one year of his Freddie Mac contract, which dated to 1999 (he uttered something about going through a confidentiality process) — volunteered that at his firm, they brought in a “lobbying expert” to explain to his team what qualified as lobbying and what didn’t.

That expert “is prepared to testify,” Gingrich said.

Romney didn’t pounce. But why one would hire a “lobbying expert” other than to explain to staff how to walk up to the “bright line” Gingrich described, but not legally cross it, was not clear.

So Newt’s got his lawyer ready to say that Newt never officially lobbied with Fannie/Freddie . . . or at least he was trained/coached as to where that line is. However, what’s that old saying that if it walks like a duck and quacks like a duck . . . ? Newt’s trying to be too cute by half, and it’s the beginning of the end for him!

The American people want a TRUE DC outsider, that man is NOT Newt . . . it’s Mitt!!

Update #2: Newt releases his 1999 contract now because it contained the following …

The contract specifically excluded lobbying services, stating “nothing herein is or shall be construed as an agreement to provide lobbying services of any kind or engage in lobbying activities.”

The second contract released Tuesday night provides more detail on the work Gingrich was hired to perform, including “serve as advisor to Freddie Mac in the areas of strategic planning and public policy.” It also called on Gingrich, who is mentioned by name in the second contract, to “engage in discussions” with Freddie Mac’s chief lobbyist and senior officers “to strategize on approaches to Freddie Mac business opportunities and challenges.”
Gingrich, who was hired to help the company reach out to Republicans, also was expected to “contribute to Freddie Mac corporate planning and business goals” and to “meet with major stakeholders of Freddie Mac.”
The contract also states that “neither The Gingrich Group nor Newt Gingrich will provide lobbying services of any kind nor participate in lobbying activities on Freddie Mac’s behalf.”

OK, so the document essentially says that Newt is going to lobby for Freddie Mac, but that no one can call it or construe it as lobbying. That will play really well with folks, eh?

Even MORE revealing is that Newt’s campaign is trying to pull a switch-a-roo / misdirection trick here by releasing these contracts out of chronological order. So the 1999 contract says “no lobbying” but the 2006 contract contains no such phrase. Anyone notice a problem? Everyone knew and realized that Newt was lobbying and they couldn’t keep that terminology in the later contract. He would be more free in his activities advocating and lobbying in behalf of Freddie.

Update #3
I believe another poster is going to address Newt’s lobbying to Congressmen for Medicare Part D when he was on the payroll as a consultant from several Pharmaceutical companies who would benefit from it’s passage. Kathleen Parker has just put up a column arguing my exact same point. Newt was a lobbyist:

Gingrich’s claim to have been hired as a historian, meanwhile, is a hard sell when no such role exists. It is also a stretch for him to present himself as an ­anti-establishment, Reagan-conservative rebel when he is raking in money for his association with companies, some of whose interests are anything but conservative.

Yet another mother lode for Gingrich has been the health care industry. Various companies paid Gingrich $55 million between 2001 and 2010, according to Bloomberg News. When asked what the companies received in return, Gingrich told The Post that they got to visit with “a really important guy who really knows a lot and who really has lots of information.” That person would be Gingrich’s Holy Trinity — Me, Myself and I.

He also earned more than a million from drugmaker Novo Nordisk, reportedly to help expand the U.S. market for its diabetes treatment. Again, there’s nothing wrong with this as long as Gingrich was honest about his role with the company. The company’s annual report to shareholders listed Gingrich under “public-policy activities,” which, the company added, “are often referred to as lobbying.”

He also personally urged GOP congressmen to support the $395 billion Medicare prescription drug benefit, according to, among others, Rep. Jeff Flake (R-Ariz.) and former congressmen Jeff Bradley (R-N.H.) and Butch Otter (R-Idaho).

I saw a segment on CNN today with Wolf Blitzer where Rep. Flake flat out stated that Gingrich lobbied him hard on voting for Medicare Part D. Also in that piece I found this nugget:

A lobbyist for Freddie Mac and Fannie Mae whose tenure overlapped with Gingrich’s told me on background that both signed the same contract. This person immediately registered as a lobbyist and said that Gingrich was clearly exerting his influence, though he may have been able to maintain a legal, if not entirely ethical, distance from the definition of lobbying.

Oh, and let’s not forget that before Newt’s ties to Freddie/Fannie had been revealed, he was the one spouting off the harshest rhetoric of any GOP candidate calling for investigations and even imprisonment of congressmen who had ties to or profits from Freddie/Fannie. Wonder if he’d like to roll back that charge, or if he’s willing to apply his own harsh charges to the man in the mirror.

So, do you take Newt at his word that “I do no lobbying of any kind. I never have. A very important point to make. I have never done lobbying of any kind.” . . . ?

Any way you slice it, Newt is serving up large portions of his own “pious baloney.”

About :

Jeff has been blogging for Romney since living in Iowa in 2006, when, as a physician, he was drawn to study Romney’s MA healthcare reform plan. A native of California, Jeff now claims to be a proud southern transplant (he currently lives and practices as a vitreoretinal surgeon in Birmingham with his wife and six kids) having lived in Georgia, Alabama, and Louisiana for nearly all of the last 15 years. His recent hobby is doing triathlons, having completed his first (and only) Ironman Triathlon this past May.

Facebook Twitter YouTube 

Bookmark the permalink.

11 Responses to Lies Cometh Before the Fall … Newt ABSOLUTELY Lobbied for Fannie Mae/Freddie Mac; Newt for Lobbyist-in-Chief!!!

  1. Vic Lundquist says:

    What else is there to say Jeff? AWESOME piece! That FOX News clip is the best 72 seconds I have seen on all of the Net / TV for weeks!

    Mitt in his element! YOU GO!

    Quote in Mitt’s reference to Washington, D.C.: “People go there to serve the people; and then they stay there to serve themselves.”

    WHOAA! You go! That just about sums it up for Nooot. But is Gingrich that selfish? Hard to believe.

  2. Dr K says:

    In the meantime, Fox News (a la Shep Smith), is doing everything it can to dispute that Newt was ever a lobbyist, including some sort of late-breaking contract material that includes words to the effect that nothing in the contract should be construed as payment for lobbying. Beyond Fox’s hustle here, it seems to me that the latter disclosure actually strengthens the case; after all, the parties to the contract were very aware that “consultant” was a more politically acceptable term than “lobbyist,” especially as practitioners require a telltale license. Additionally, consider that Newt contracted directly with Fannie Mae’s chief lobbyist, a relationship that doesn’t comport with the notion of historical monographs as work product. Influence peddling, then, as Mitt suggests, is the better characterization of what Newt was expected to do for his $1.6 million.

  3. KC says:

    Excellent post!!!!! This needs to get in the hands of Mitt and his people, so they can take care of Newt once and for all!!!

  4. Shauna says:

    I don’t know enough to know if this is for real. But Newt was investigated for taking bribes from arms dealers… if it is.

    Could this be what Pelosi knows?

    http://www.dcbureau.org/201112136815/national-security-news-service/newt-gingrich-marianne-and-the-arms-dealera-buried-fbi-investigation.html

  5. Roxanne says:

    Excellent post!!! Where to begin? Newt is a bowl of spaghetti to be sure. It seems that he lives in a bubble, or in the la la land in his head, or has trouble with spacial memory and lives in the moment for the money. He doesn’t have a clue how any of his actions or activities can connect to his future. He just goes for the deep dive and hopes he can last long enough to make it back to the surface. There has been a hunt for a culprit of the housing crisis. Fingers have been pointed, but nothing sticks. I seem to remember some sort of scandal at one of the FM’s back at the height of the housing market. I am quite sure it was during the years the Newt was “consulting” for them. How convenient it is that his contracts have been lost in shuffle. I have feeling that if you grab one of the threads and start following it, you will find who and what was at the heart of the housing crisis, and I bet old Newt was woven in there somewhere.

  6. Robin says:

    Yes!. Please get these posts to the press! Why is the media behind Newt? We need a barrage of all of the posts found here on MRC to go to the press. Another great blog is yesmittromney.blogspot.com Check it out. Alecia’s articles also need to be out there in the media world. We must figure out a way to get your messages to the people of Florida. It’s absolutely necessary.
    Go Mitt!

  7. Spencer says:

    2 Congressman, one of the being Jeff Flake, were interviewed today testifying that they were indeed lobbied “aggressively” by Gingrich over Freddie Mac. They said he even told them they didn’t deserve to be GOP leaders if they didn’t support! I’ve been trying to find the video on Fox but can’t.

  8. Bryon says:

    Every statement Newt makes is about creating another committee or group or something to increase the size of government. Just listen to his debates. Newt is big government at its worst.

  9. Ben says:

    I am pretty sure the work “Chief” is misspelled in the title. I tried to change it once but somebody changed it back.

  10. ANGELA PHILLIPS says:

    WE NEED TO REMOVE OBAMA BECAUSE HOW PEOPLE LIKE JOBS OR MEDICARE OR RACE IS THE ISSUES WE NEED YOU NOT OBAMA HE SUCKS OBAMA CAN FIXED THE BRIDGE IN LOUISVILLE KY I,LL THINK HE CANNOT DO HIS JOB WE NEED A BETTER PRESIDENT LIKE ROMEY HE WILL SAVE THE MEDICARE OR GAS PRICES I,LL WILL VOTE FOR HIM FOR PRESIDENT

  11. Annette says:

    I think the information is getting out there. I am sure that Sean Hannity is trying to contain it. I haven’t watched his show lately. I watched Fox a little bit yesterday and they seemed a little subdued towards Gingrich’s candidacy. I think they feel Gingrich was hurt by the last debate…they’re just not coming out and saying so directly. But they are saying it in a round about way. Charles Krauthhammer was struggling to support him. Some on Fox may not be for Newt, but they’re trying to keep their jobs and feel pressure from the powers that be to support Newt. That’s my theory. Not good for a News organization.

    This has been circulating on different sites, I believe I first saw it on the Fox Home Page.

    “A person who worked closely with Freddie Mac during the years Gingrich was receiving money said Monday night that the former house speaker was employed by the company from 99 to 2002 by the companies then chief political executive to review policy proposals created in the hope they would make Freddie Mac more appealing to Republicans. The official who spoke on condition of anonymity because of fear of retaliation said that Gingrich was hired again in 2006 by the company’s new chief political executive Hollis McLoughlin ..he still works there.. to speak and write on the benefits of Freddie Mac..He was paid $300000 for 2006 and received some additional money in 2007.”

    It goes on, but this is getting some traction on the internet.

    We need a principled leader and that is Mitt!